April 18th, 2025
FTX (FTT) News - Page 44
FTX CEO Told Investors Bankruptcy Is Likely if No Immediate Bailout
By Godfrey Benjamin
November 10th, 2022
From the current reality, FTX is likely to file for bankruptcy protection if it does not get the cash injections it needed to fulfill customers’ withdrawal requests.
Reasons for Binance to Withdraw from FTX Deal
By Tolu Ajiboye
November 10th, 2022
Binance is reportedly having second thoughts about acquiring FTX after reviewing the embattled exchange’s financials.
US SEC and CFTC Launch Probe into FTX’s Handling of Customer Funds
By Bhushan Akolkar
November 10th, 2022
The massive liquidity crisis at the FTX exchange has prompted calls for clear regulations in the US crypto market.
Binance Backs Out from FTX Deal in Major U-Turn
By Bhushan Akolkar
November 10th, 2022
Binance backs out of the FTX deal citing concerns over the mishandling of customers’ funds by FTX and alleged US agency investigations. The Crypto market loses another $100 billion.
Potential Binance-FTX Deal Pushes Bitcoin below $16K
By Babafemi Adebajo
November 10th, 2022
Bitcoin is in free fall and trading at around $16,700. A short-term squeeze is expected as institutional investors jump in to buy the dip.
FTX Approached OKX for Deal before Announcing Binance Possible Takeover
By Ibukun Ogundare
November 10th, 2022
The news came as FTX faced an apparent liquidity crunch following the collapse of its native token.
Cathie Wood’s Ark Invest Buys Additional $21.4M Worth of Coinbase Stock
By Tolu Ajiboye
November 9th, 2022
Following its purchase of Coinbase stock at the end of October, Ark Invest has added an additional 420,949 units of COIN.
Crypto Billionaire Sam Bankman-Fried Loses 93% of Net Worth in 1 Day
By Kofi Ansah
November 9th, 2022
The Bloomberg Billionaires Index estimated SBF’s wealth to be $15.6 billion on the morning of November 8.
FTX CEO Apologizes to Investors over Transparency Issues in Binance Deal
By Sanaa Sharma
November 9th, 2022
The address is a follow-up to the company’s massive struggle to stay afloat with the breakdown of its native FTT token, along with a run on the exchange that eventually led to the company having to pause all withdrawals.
Binance and FTX Acquisition Deal Could Attract Antitrust Concerns from Global Regulators
By Steve Muchoki
November 9th, 2022
Antitrust specialists are concerned about how Binance and FTX made the acquisition deal through Twitter first.
Binance Is Acquiring FTX
By Ibukun Ogundare
November 9th, 2022
Following the news that Binance was acquiring FTX, the FTT token began to rebound.
Cryptocurrency Market Tanks 10% in Two Days amid FTX Token Crash
By Bhushan Akolkar
November 9th, 2022
The collapse of FTX tokens has sent tremors across the entire crypto industry. ETH withdrawals on FTX have skyrocketed by more than 90% in the last few days.
FTX Token Plunges Another 20% amid Sell-off, Binance Distances Itself
By Bhushan Akolkar
November 8th, 2022
FTX token value plunged another 20% in the last 24 hours. Nearly $1 billion in FTT market value has eroded since the Binance episode.
FTX CEO Sam Bankman-Fried Denies Insolvency Rumors as Binance Threatens to Liquidate FTT Token
By John K. Kumi
November 8th, 2022
Earlier, CZ threatened that Binance would liquidate all the FTT tokens in its book.
Binance to Sell Its Remaining FTX Tokens (FTT) amid Concerns of Alameda’s Financial Condition
By Bhushan Akolkar
November 7th, 2022
Amid speculations over the financials of Alameda Research, Binance chief Changpeng Zhao decided to liquidate his remaining holding of FTX tokens leading to a strong price correction.